Loan brokers see massive increases

Loan brokers saw significant increases in the value of loans brokered in the first five months of the year, but, even so, the local market remains a long way behind Central and Eastern European markets. KIWI Finance, leader of the loan brokerage market, intermediated loans worth 80 million euros in the first five months of the year, 128% more than in the same time last year. Close behind is Credit Team, which sold loans worth 79.5 million euros in the same period, 11 times higher than during the same time last year, which was, however, the broker’s first year of operations. DBSol Consulting reported a 300% increase in the volume of loans brokered and ended the first five months with sales worth over 16 million euros. Although there are a lot of loan brokerage companies on the local market, few players have gained national coverage, with most having just a local presence.